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Friday, May 13, 2016

Are you a Money Maximizer or Money Minimizer?

I have come to realize that it is
possible to rich and appear to be poor (not have money). While it is also
possible to be poor and appear rich (having a lot of money to show off). The
principle is that of maximizers and minimizers.

Maximizers find a way to stretch
and multiply every dollar they earn. Maximizers invest in buildings, property and
social enterprise, thus they never have any money left leave alone extra or
loose cash. They may be worth millions in term of substance, but never have
cash to spend on some of the more “fun” things that the minimizer loves on
enjoy. The minimiser will use his earnings to take care of his basic needs and
then use the rest to have fun and borrow more money to spend. The minimizer (it
seems odd) is never broke but does not really own anything.

The quote in the book of Proverbs
“ there is that maketh rich, yet has nothing; three is that maketh himself poor
yet hath great riches’ is a powerful meditative text that will tax you to think
carefully about how much you are really worth. Consider carefully whether you
are a maximizer or a minimizer when it comes to earning money and creating
wealth. If you are a maximizer and don’t have the money you want, console
yourself that you have wealth. If you
are a minimize and enjoying life, consider the risk you run of losing
everything you (don’t) have. However, in my considered wisdom it is better to avoid
extremes and manage your life in between.